A notable rebound by US property and casualty (P/C) insurers this past year, following a challenging 2017, has led Fitch Ratings to revise its fundamental sector outlook to stable from negative, according to Fitch’s 2019 outlook report. US property/casualty (P/C) industry profitability rebounded in 2018 following a meaningful underwriting loss in 2017, driven by modest… Continue reading Fitch Revises P&C Industry Outlook from Negative to Stable
Tag: property & casualty insurance
AIG Names New Finance Chief
American International Group Inc. named Mark Lyons chief financial officer, the latest executive appointment under new Chief Executive Brian Duperreault. Mr. Lyons, who served as a senior vice president and chief actuary for general insurance since joining AIG in June, succeeds Sid Sankaran effective immediately. Mr. Sankaran had been AIG’s CFO since 2016. He will… Continue reading AIG Names New Finance Chief
USG Announces Hire of Steinmetz in Tampa, FL
USG is pleased to announce the hire of Kim Steinmetz as Producer/Broker in the Tampa, FL branch. Steinmetz joins the USG team with 16 years of experience in the industry, specializing in large commercial property. Kim most recently held the position of Assistant Vice President at AmWins in Jupiter, Florida. In her new position at… Continue reading USG Announces Hire of Steinmetz in Tampa, FL
Alliant Adds More Texas Talent, Hires Jeff Langley
Alliant continues to add top talent in Texas with the arrival of Jeff Langley. The Houston-based Vice President will provide a full range of risk management and insurance solutions to a diverse client base, further expanding Alliant’s reach and capabilities both in the Lone Star State and the greater Southwest region. “Texas continues to be… Continue reading Alliant Adds More Texas Talent, Hires Jeff Langley
Premium Pricing Experienced Slight Increases Across Most Insurance Lines: CIAB
Premium pricing across all sized accounts saw similar increases to Q3 2018, according to The Council of Insurance Agents & Brokers’ quarterly Commercial Property/Casualty Market Index Survey, with an average premium increase of 1.6 percent. Similarly, the average premium increase across all lines of business was 1.9 percent, in line with Q2’s average increase of… Continue reading Premium Pricing Experienced Slight Increases Across Most Insurance Lines: CIAB
USG Announces Hire of Adame in AZ
USG Insurance Services, Inc., a national wholesaler and MGA, is pleased to announce the hire of Toni Adame as Producer/Broker in Scottsdale, AZ. Adame joins USG with over ten years of experience in the insurance industry, the majority spent with wholesale brokers. In her new position, Toni will continue to build her own book of… Continue reading USG Announces Hire of Adame in AZ
USG Insurance Announces New Branch in Richmond, Virginia
USG is pleased to announce the expansion of operations with a new office located in Richmond, VA. Christopher Stovall, Vice President: Producer/Broker will lead the USG team in the Richmond, VA office with oversight from Chris Janis, Executive Vice President: Branch Manager, based in Illinois. Stovall has been with USG for four years, working out… Continue reading USG Insurance Announces New Branch in Richmond, Virginia
USG Announces Hire of Curry in Covington, LA
USG is pleased to announce the hire of Chris Curry as Producer/Broker in the Covington, LA branch. Chris joins the USG team with 24 years of experience in the insurance industry as a commercial broker and underwriter. She has worked in all facets of the industry including marketing, sales, and underwriting. In her new position… Continue reading USG Announces Hire of Curry in Covington, LA
Amanda Posey Joins Alliant
Amanda Posey, one of Orange County’s top property and casualty insurance experts, has joined Alliant. Serving as Vice President, Posey will provide targeted risk management and insurance solutions to a diverse regional client base. “Amanda’s expertise spans a broad range of industries and disciplines, and she has the ability to provide a level of service… Continue reading Amanda Posey Joins Alliant
AIG Unit to Exit Iran-Related Insurance Business
American International Group Inc (AIG) is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by the Trump administration, according to a filing. Validus Holdings Ltd, a Bermuda-based reinsurer that AIG acquired for $5.56 billion in July, is… Continue reading AIG Unit to Exit Iran-Related Insurance Business